All of the Following Are Reasons for a Greater Focus

question 75

Multiple Choice

All of the following are reasons for a greater focus on quality by U.S. firms except

• A) competition from foreign firms.
• B) customers that are more demanding.
• C) unpredictability on Wall Street.
• D) poorer financial performance.
• E) reduced market share.

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Definitions:

Net Income

The amount of money that remains after all operating expenses, interest, taxes, and dividends have been deducted from total revenue.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital.

Book Value

The net value of a company's assets as reported on the balance sheet, calculated as total assets minus total liabilities and intangible assets not readily marketable.

Office Equipment

Tangible property such as desks, chairs, and computers used in the daily operations of an office.